This property looks like a bad Long-Term investment with a projected -3.62% first-year return on $37,128 initial cash invested.
-3.62%
Cash On Cash
6.17%
Cap Rate
0.95
DSCR
$1,279
Rent
-$112
Cashflow
Cash Flow
$1,279 income − $1,391 expenses = $112 out of pocket
Investment Breakdown
|
Purchase Price
$177k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$37,128
Downpayment
20%
$35,360
Closing costs
1%
$1,768
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,279
Total Expenses
$1,391
Mortgage P&I
75%
$957
Property Taxes
3%
$38
Home Insurance
5%
$63
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0